secwatch.observer — SEC 8-K summary
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Issuer:     Innovid Corp. (—)
CIK:        0001835378
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001835378-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovid Q1 revenue $36.7M (+21% YoY), net loss narrows, EBITDA positive; raises FY guidance
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- Q1 revenue $36.7M, up 21% YoY; net loss improved to $6.2M from $8.6M.
- Adjusted EBITDA $4.4M (12% margin) vs $0.1M; free cash flow $2.0M vs -$2.8M.
- FY 2024 revenue guidance raised to $156M-$163M; FY Adj. EBITDA guidance raised to $24M-$29M.
- Q2 2024 revenue expected $37.5M-$39.5M (9-14% YoY growth); Adj. EBITDA $5.0M-$6.0M.
- New client wins include Eli Lilly, Verizon; launched Harmony Direct supply-path optimization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835378/000183537824000052/0001835378-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835378/000183537824000052/ctv-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001835378-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer